Australian-based online wine retailer Vinomofo has secured A$25m ($18.8m) from Blue Sky Venture Capital, which will help in strengthening its operations, as well as venturing into new markets.

The company has raised the capital for the first time in five years since it launched its operations in Australia.

The investment will help the Melbourne retailer to launch its model to six new markets, comprising the UK, the US, Singapore, China, Hong Kong, and New Zealand, reported Zdnet.com.

“We believe that a lot of people all over the world need Vinomofo, wine lovers and makers alike.”

The model is focused on organising pop-up-style sales events online, from one to two days and selling a number of wines in limited quantities.

Vinomofo co-founder and joint-CEO Andre Eikmeier was quoted by Huffington Post as saying: "From what we’ve seen across the past five years in Australia, we believe that a lot of people all over the world need Vinomofo, wine lovers and makers alike, and this investment is going to help us bring our vision to life.

"Vinomofo has achieved 100% year on year (YoY) growth for the past 12 months, we’re on track this financial year to surpass $50 million in annual revenue, and now it’s time to take our offer to the next level in Australia, and to the world."

Blue Sky Venture Capital investment director Dr Elaine Stead was quoted by Huffington Post as saying: "Vinomofo is a great expression of the quality of deals that come through our doors."

"In just five years, Andre and Justin have built a cracking business with huge scope to scale globally, which is where we come in."

Beginning its journey in a garage in Adelaide, today it employs 100 people, sells 3.5 million bottles of wine and has an annual turnover of over $50m.